I wish I could tell you that the timing of this week's "Fiscal Fitness" and this article in today's Wall Street Journal by Glenn Hubbard and John Cogan was choreographed.  It wasn't.

John Fund's well-written piece in the today's Wall Street Journal online about earmarks overstates the case and misses the point.

Yes, President Bush has the ability not to spend many of the earmarks Republican and Democrats listed in the report accompanying the omnibus spending bill he signed in December, but doing so is likely to cause him political harm rather than establish the positive legacy Fund thinks will occur.

Even by its usual highly partisan position, an editorial in today's Wall Street Journal dealing with the pay-as-you-go rule is so extreme that it deserves to be debunked almost line by line.